I've done it all... buying tenant occupied, doing BRRRR's, section 8, doing full gut renovations, etc.I also help clients do these things from out of state.I lived in Troy (just outside Detroit) from 2017-2022 but I'm back in California now.

This way, you could rent out a room (or rooms) if you decide to stay, or rent the whole place out if you move.

What made you interested in investing in this type of deal?

Quote from @V.G Jason: 11% is great.  

Hello @Audrey Scott,You did not specify this in your post, but I'll assume that you want to buy an investment property.

With over 15 years in the industry, I’ve had the opportunity to work on a range of projects, from residential redevelopments to mixed-use acquisitions across Texas.Today, I noticed some news about the ongoing expansion of Tesla’s gigafactory (https://www.bizjournals.com/austin/news/2024/10/28/tesla-gig...) here in Austin—an impressive 10 million square feet!

House hacking with friends can be a great way to share both the benefits and risks, but you definitely want to set the right expectations from the start.The key to making this work is transparency.

I'm from Mississippi.

We have reached out to the city and they have provided some information about grants but that seems extremely complex without much chance for success as we would be first timers.My question is what options are out there to help with this situation.

Quote from @Stephen Schott: I click on landlord doc.